Government Reaffirms Investor-Friendly Tax Policies to Bolster Investment Climate

The Government has reiterated its commitment to maintaining tax policies that support, rather than hinder, the investment environment, aligning with its broader growth agenda.

Dr. Alex Ampaabeng, Deputy Finance Minister in charge of Revenue, emphasized Ghana’s status as the leading investment destination in the sub-region for offshore investors.

At the Ghana Investment GC100 CEO’s Breakfast Meeting and the launch of the 21st Ghana Club 100 Awards, themed “Partnering for Prosperity, Building a Thriving Ghanaian Economy,” Dr. Ampaabeng underscored the need for strategic collaborations among key sector players to sustain and drive economic growth.

“The Ministry of Finance is dedicated to creating an enabling environment for businesses,” Dr. Ampaabeng stated. “In May 2024, we engaged with stakeholders to discuss improvements to Ghana’s business climate and ease of doing business, addressing investors’ concerns about the complex tax system. We are working with the Ghana Revenue Authority to streamline and revise administrative processes related to tax administration.”

Yofi Grant, Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), highlighted Ghana’s resilience despite economic challenges and emphasized the importance of partnerships in fostering growth.

“At the GIPC, we believe that sustainable economic growth can be accelerated through strong and meaningful partnerships, and we are committed to this goal,” Grant noted.

Mr. Grant also spoke about the forthcoming Ghana Club 100 Awards, set for October 2024, which will recognize and celebrate the achievements of the top 100 companies in Ghana, acknowledging their significant contributions to the national economy across various sectors.

Source:norvanreports.com